Blackstone Mortgage Trust Inc (NYSE:BXMT) CFO Anthony F. Marone, Jr. sold 379 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $36.81, for a total transaction of $13,950.99. Following the completion of the sale, the chief financial officer now directly owns 36,263 shares of the company’s stock, valued at $1,334,841.03. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
NYSE:BXMT opened at $36.75 on Friday. The company has a 50-day moving average price of $36.23 and a 200-day moving average price of $35.84. Blackstone Mortgage Trust Inc has a 12 month low of $30.84 and a 12 month high of $37.01. The stock has a market cap of $4.93 billion, a price-to-earnings ratio of 14.81, a P/E/G ratio of 3.05 and a beta of 0.51.
Blackstone Mortgage Trust (NYSE:BXMT) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.64 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.05. Blackstone Mortgage Trust had a net margin of 39.30% and a return on equity of 8.70%. The firm had revenue of $101.92 million during the quarter, compared to analysts’ expectations of $105.80 million. During the same period last year, the company posted $0.75 EPS. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts expect that Blackstone Mortgage Trust Inc will post 2.41 earnings per share for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Lenox Wealth Advisors LLC bought a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $27,000. Quest Capital Management Inc. ADV bought a new position in shares of Blackstone Mortgage Trust in the 3rd quarter worth about $30,000. Pacific Center for Financial Services bought a new position in shares of Blackstone Mortgage Trust in the 2nd quarter worth about $30,000. Parallel Advisors LLC increased its stake in shares of Blackstone Mortgage Trust by 695.7% in the 3rd quarter. Parallel Advisors LLC now owns 915 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 800 shares in the last quarter. Finally, HM Payson & Co. bought a new position in shares of Blackstone Mortgage Trust in the 2nd quarter worth about $36,000. Institutional investors own 58.73% of the company’s stock.
Blackstone Mortgage Trust Company Profile
Blackstone Mortgage Trust, Inc, a real estate finance company, originates senior loans collateralized by properties in North America, Europe, and Australia. The company operates as a real estate investment trust for federal income tax purposes. It generally would not be subject to U.S. federal income taxes if it distributes at least 90% of its taxable income to its stockholders.
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